21 Jan 2019
French authorities are considering launching an investigation into scandal-hit Danske Bank over violating anti-money laundering rules involving transactions worth millions of euros.
In recent days, the French Tribunal de Grande Instance de Paris Court issued Danske with a letter summoning it to an interview to discuss matters relating to an ‘ongoing investigation into organised money laundering of tax evasion proceeds.’
The letter stated that the judge envisages placing the bank under a formal investigation.
“As a result, Danske Bank may again become subject to formal investigation instead of being an assisted witness,” the bank said in a statement.
“The letter also indicated that the scope had been expanded to include transactions in the amount of approximately EUR 28 million in total between 2007 and 2014.”
A spokesman for the National Financial Prosecutor’s Office at the Paris Court declined to comment.
Apart from France, Danske has landed itself in trouble with a number of regulators, especially pertaining to an alleged $200 billion money laundering scandal stemming from its Estonian branch.
An internal report pointed to non-residential cash flows and suggested that bank staff may have been directly implicated in helping launder funds.
– Irene Madongo
Photo: The Lithuanian offices of Danske Bank
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